Is Tiffany (TIF) Ready To Sparkle Again In Q3 Earnings?
Zacks Investment Research | Nov 26, 2017 09:10PM ET
Tiffany & Co. (NYSE:TIF) , which designs, manufactures and retails jewelry and other items globally, is slated to report third-quarter fiscal 2017 results on Nov 29. In the second quarter, the company posted positive earnings surprise of 4.6%. Let’s see how things are shaping up for this announcement.
Which Way are Estimates Treading?
Investors are keen to find out whether Tiffany will be able to sustain its positive earnings surprise streak in the quarter to be reported. In the trailing four quarters, it had outperformed the Zacks Consensus Estimate by an average of 7.4%. The current Zacks Consensus Estimate for the quarter under review has decreased by a penny in the last seven days and is pegged at 76 cents, which is in line with the prior-year quarter figure. Analysts polled by Zacks expect revenues of $960 million, up more than 1% year over year.
Factors at Play
Tiffany’s omni-channel platform, store expansion programs, new design launches, tapping of new markets and venturing into new revenue generating avenues bode well for the stock. The company is well positioned to augment its top and bottom-line performance in the long run by leveraging capital investments made over the past several years in distribution, manufacturing and diamond sourcing processes.
Analysts anticipate sales trends to improve across all operating regions. Per analysts surveyed by Zacks, revenues at Americas, Asia-Pacific, Europe and Japan are likely to increase 2.6%, 7.7%, 11.5% and 1.3%, respectively, during the third quarter.
However, Tiffany’s comparable-store sales (comps) have been struggling for quite some time now. In the first and second quarters of fiscal 2017, comps have declined 3% and 2%, respectively. Moreover, foreign currency headwinds and cautious consumer spending also remain causes of concern. However, the company plans to counter these obstacles through strategic initiatives and cost containment efforts.
Tiffany & Co. Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.